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Key Details
Sold Price $1,220,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223048687
Sold Date 07/05/23
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1966
Lot Size 0.380 Acres
Acres 0.38
Property Description
Introducing Park Place Apartments, an 8-unit multifamily property located in Oakdale, California. This investment opportunity offers a mix of highly sought-after 2-bedroom, 1-bath units, each approximately 780 square feet in size. With strong existing rental income, Park Place Apartments presents a compelling proposition for investors seeking stable returns. Positioned in a supply-restricted market, Oakdale is known for its limited inventory of multifamily properties, making Park Place Apartments a rare find. The property's solid unit mix and desirable location offer the potential for a 10-15% upside under new ownership. Park Place Apartments provides essential amenities for tenants, including an on-site laundry facility, individual yards and ample parking. These features enhance the property's appeal and convenience, contributing to tenant satisfaction and retention.
Location
State CA
County Stanislaus
Area 20202
Direction Heading east on F St almost to Downtown Oakdale, turn right on Church Ave.
Interior
Heating Wall Furnace
Cooling Wall Unit(s)
Flooring Carpet, Laminate, Linoleum
Laundry In Common Area
Exterior
Parking Features Open, Carport
Utilities Available City
Water Access Desc Public
Total Parking Spaces 16
Building
Lot Description Curbs/Gutters
Story 1
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Oakdale Joint
Middle Schools Oakdale Joint
High Schools Oakdale Joint
School District Stanislaus
Others
Senior Community No
Tax ID 130-007-049
Special Listing Condition None
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Bought with PMZ Real Estate